Campbell & CO Investment Adviser LLC Increases Stake in Reinsurance Group of America, Incorporated $RGA

Campbell & CO Investment Adviser LLC lifted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 163.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,655 shares of the insurance provider’s stock after purchasing an additional 12,806 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Reinsurance Group of America were worth $4,097,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in RGA. Concurrent Investment Advisors LLC bought a new stake in shares of Reinsurance Group of America in the 1st quarter valued at about $291,000. Cerity Partners LLC lifted its position in Reinsurance Group of America by 10.6% in the first quarter. Cerity Partners LLC now owns 29,189 shares of the insurance provider’s stock valued at $5,747,000 after purchasing an additional 2,791 shares during the last quarter. State of Michigan Retirement System boosted its stake in shares of Reinsurance Group of America by 1.3% during the first quarter. State of Michigan Retirement System now owns 15,752 shares of the insurance provider’s stock valued at $3,102,000 after purchasing an additional 200 shares during the period. Ballentine Partners LLC grew its holdings in shares of Reinsurance Group of America by 84.8% in the first quarter. Ballentine Partners LLC now owns 2,046 shares of the insurance provider’s stock worth $403,000 after purchasing an additional 939 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Reinsurance Group of America by 12.0% in the first quarter. New York State Common Retirement Fund now owns 210,372 shares of the insurance provider’s stock worth $41,422,000 after buying an additional 22,484 shares during the period. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RGA has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Piper Sandler reiterated an “overweight” rating on shares of Reinsurance Group of America in a report on Tuesday, October 7th. Keefe, Bruyette & Woods cut their target price on Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Barclays restated an “overweight” rating and set a $246.00 price target on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Finally, Raymond James Financial cut Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a report on Friday, October 17th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Reinsurance Group of America presently has an average rating of “Moderate Buy” and an average target price of $239.89.

Reinsurance Group of America Price Performance

RGA stock opened at $190.39 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.16 and a quick ratio of 0.16. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81. The firm has a 50-day moving average of $190.86 and a 200 day moving average of $194.12. The company has a market cap of $12.51 billion, a P/E ratio of 16.53 and a beta of 0.62.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, October 30th. The insurance provider reported $6.37 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.57. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The business had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the previous year, the firm posted $6.13 EPS. The business’s revenue was up 9.8% on a year-over-year basis. On average, sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th will be issued a $0.93 dividend. The ex-dividend date is Monday, November 10th. This represents a $3.72 dividend on an annualized basis and a yield of 2.0%. Reinsurance Group of America’s dividend payout ratio is 28.62%.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.